Lion Chemtech Co., Ltd. (KOSDAQ:A171120) announces a share repurchase program. Under the program, the company will repurchase up to 192,310 shares for a total of KRW 3,000.03 million, which is based on the closing price of shares on September 11, 2015. The company will make direct repurchases on KOSDAQ.

The company will repurchase its shares through the stock exchange. The repurchased shares will be used to stabilize the share price and for officer Incentive payment. The maximum number of shares that the company may repurchase on any day is 27,933 shares.

The share repurchase program is valid until December 14, 2015. As of September 13, 2014, the company had 120,944 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.